• Television
  • Editorial
  • Personality
  • Style
  • Echoes of the Past
  • Press Clip
  • Column
    • Capital Matters
    • Eye Witness
    • Frank Talk
    • Insights
    • Naija Gists
  • Download Magazine
    • View Cart
  • Television
  • Editorial
  • Personality
  • Style
  • Echoes of the Past
  • Press Clip
  • Column
    • Capital Matters
    • Eye Witness
    • Frank Talk
    • Insights
    • Naija Gists
  • Download Magazine
    • View Cart
  • Home
  • News
    • National
    • International News
  • Politics
  • Education
  • Business
  • Entertainment
  • Sports
  • Health
  • Law
  • Shop
  • Home
  • News
    • National
    • International News
  • Politics
  • Education
  • Business
  • Entertainment
  • Sports
  • Health
  • Law
  • Shop
Download Magazine
Nigeria’s debt profile hit N46.25trn-DMO
  • March 30, 2023
  • Unity Times

The Debt Management Office (DMO) has published that Nigeria’s public debt profile as at the end of December 2022, stands at N46. 25 trillion.

The DMO, which released the data on Thursday said the figure accounted for the total debt owed by the federal and state governments, as well as, the Federal Capital Territory.

Grow your business with us

The debt position as at December 2022 was about N6.69 trillion (22.47%) higher when compared to the end December 2021 figure which was N39. 56 trillion

The DMO said that the debt figure under review was 23.20% of the Gross Domestic Product (GDP), indicating that it was well within the limits set by both the federal government and international orhganisations.

It said, “The ratio of 23.20% is within the 40% limit self-imposed by Nigeria, the 55% limit recommended by the World Bank/International Monetary Fund, and, the 70% limit recommended by the Economic Community of West African States.”

Previous
Next
Share the Post:
Grow your Business
Grow your business with Us
Subscription Ads
Related Posts

UNGA: Nigeria reiterates call for permanent seat at Security Council

President Bola Tinubu has reiterated the call for a proper representation of Nigeria on the United Nations Security Council. Tinubu

Read More

Tuition-free digital academy opens in Edo

AS part of efforts to increase access to quality education, especially in the underserved communities in the country, Equity Learning

Read More

Tinubu meets with former Rivers Sole Administrator Ibas

President Bola Tinubu on Wednesday, met with Vice Admiral Ibok-Ete Ibas (rtd.), the immediate past sole admin­istrator of Rivers State,

Read More

Join Our Newsletter

Unity Times
Facebook-f Twitter
  • UNGA: Nigeria reiterates call for permanent seat at Security Council

    UNGA: Nigeria reiterates call for permanent seat at Security Council

    September 25, 2025 Breaking News, International News, News, Politics, Security
  • Tuition-free digital academy opens in Edo

    Tuition-free digital academy opens in Edo

    September 25, 2025 Breaking News, Education, National, News
  • Tinubu meets with former Rivers Sole Administrator Ibas

    Tinubu meets with former Rivers Sole Administrator Ibas

    September 25, 2025 Breaking News, National, News, Politics
Get In Touch

Block 4, Wuse ll,

Abuja Nigeria

  • Email: office@unitytimesonline.com
  • Phone:
  • Hours: Mon-Fri 9:00AM - 5:00PM

© 2025 All Rights Reserved.